Intercontinental Exchange Reports April 2024 Statistics

Rhea-AI Summary

Intercontinental Exchange, Inc. (NYSE:ICE) reported impressive April 2024 trading volume and revenue statistics, showcasing significant year-over-year growth across various sectors. The company's performance highlights include substantial increases in average daily volume and open interest, setting multiple records in key areas such as energy, oil, gas, and financials. Investors can access detailed information on the company's investor relations website.

Positive

• Record-breaking total average daily volume (ADV) up by 36% year-over-year.

• Open interest (OI) increased by 23% year-over-year, setting new records in various categories.

• Significant growth in energy sector ADV and OI, with up to 60% year-over-year increase in WTI ADV.

• Strong performance in oil markets with total oil ADV up by 32% year-over-year.

• Impressive gains in natural gas sector with total natural gas ADV up by 25% year-over-year.

• Positive trends in financials segment, including a 60% year-over-year increase in total financials ADV.

• Robust growth in interest rates sector, with record SONIA ADV up by 144% year-over-year.

Negative

• None.

Insights

Market Research Analyst

The growth in Average Daily Volume (ADV) and Open Interest (OI) across different asset classes, notably in commodities like Energy, Total Oil and Brent, suggest a robust trading environment. This uptick in trading activity could indicate an increase in hedging activities due to market volatility or speculative trading as investors seek opportunities amidst fluctuating prices. The record volumes and open interest in the environmental sector and financial instruments like SONIA highlight a shift towards newer assets and risk management tools, possibly influenced by evolving market dynamics and regulation changes.

Commodities Trading Specialist

The considerable advancements in Energy and Oil product ADVs and OIs, with records in options trading, signify heightened market engagement and potential changes in trader sentiment. Such spikes often reflect underlying shifts in supply and demand fundamentals, geopolitical influences, or expectations of future price movements. Investors should note that increased volumes in trading can lead to improved liquidity, offering potential price discovery benefits but may also indicate increasing market risk.

Financial Analyst

Intercontinental Exchange's report displaying significant year-over-year upticks in ADV and OI across numerous sectors, particularly in interest rates and equity options, could be indicative of an institutional investor's confidence or strategic repositioning in these markets. The record figures in various categories, especially in the Total Interest Rates, may reflect anticipatory moves in response to central banks' monetary policies. These statistics are essential for investors to understand market trends and liquidity, which can help in making informed portfolio allocation decisions.

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported April 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

April highlights include:

• Total average daily volume (ADV) up 36% y/y; open interest (OI) up 23% y/y, including record OI of 94.0M lots on April 24
• Energy ADV up 30% y/y; OI up 25% y/y, including record OI of 62.0M lots on April 24
  • Total Oil ADV up 32% y/y, including record options of 309k lots; OI up 22% y/y
    • Brent ADV up 21% y/y, including record options of 274k lots; OI up 13% y/y, including record options OI of 3.5M lots on April 24
    • WTI ADV up 60% y/y; OI up 22% y/y
    • Gasoil ADV up 37% y/y; OI up 50% y/y, including record options OI of 194k lots on April 30
    • Other Crude & Refined products ADV up 40% y/y; OI up 27% y/y
      • Dubai ADV up 33% y/y; OI up 6% y/y
      • Record Murban ADV up 183% y/y; OI up 8% y/y
  • Total Natural Gas ADV up 25% y/y; OI up 28% y/y, including record OI of 41.3M lots on April 24
    • North American Gas ADV up 11% y/y; OI up 23% y/y, including record futures OI of 18.9M lots on April 24
    • Record TTF Gas ADV up 77% y/y; OI up 90% y/y, including record OI of 4.5M lots on April 25
    • Asia Gas ADV up 96% y/y; OI up 50% y/y
  • Total Environmentals ADV up 73% y/y; OI up 27% y/y
• Cocoa OI up 15% y/y
• Coffee ADV up 37% y/y; OI up 13% y/y
• Cotton ADV up 31% y/y
• Total Financials ADV up 60% y/y; OI up 23% y/y
  • Total Interest Rates ADV up 68% y/y; OI up 33% y/y
    • Record SONIA ADV up 144% y/y; OI up over 200% y/y
    • Euribor ADV up 43% y/y; OI up 5% y/y
    • Gilts ADV up 50% y/y; OI up 38% y/y
• Equity Indices ADV up 8% y/y
  • FTSE ADV up 18% y/y
• NYSE Cash Equities ADV up 14% y/y
• NYSE Equity Options ADV up 25% y/y

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: Corporate

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20240503032008/en/

ICE Investor Relations Contact:

Katia Gonzalez

+1 678 981 3882

katia.gonzalez@ice.com



investors@ice.com

ICE Media Contact:

Josh King

+1 212 656 2490

josh.king@ice.com



media@ice.com

Source: Intercontinental Exchange

FAQ

What were the key highlights of Intercontinental Exchange's April 2024 statistics?

Intercontinental Exchange reported significant year-over-year growth in total average daily volume (ADV) and open interest (OI), with record-breaking numbers in various sectors such as energy, oil, gas, and financials.

Where can investors access the detailed statistics reported by Intercontinental Exchange?

Investors can view the April 2024 trading volume and revenue statistics on Intercontinental Exchange's investor relations website at https://ir.theice.com/ir-resources/supplemental-information.

How much did the total average daily volume (ADV) increase year-over-year in April 2024 for Intercontinental Exchange?

The total average daily volume (ADV) for Intercontinental Exchange increased by 36% year-over-year in April 2024.

What was the year-over-year change in open interest (OI) for Intercontinental Exchange in April 2024?

Open interest (OI) for Intercontinental Exchange grew by 23% year-over-year in April 2024.

In which sectors did Intercontinental Exchange witness the most significant growth in April 2024?

Intercontinental Exchange experienced substantial growth in sectors such as energy, oil, natural gas, financials, and interest rates in April 2024.